Vanguard introduces new series of funds
Vanguard has announced its new Manager Select Series, a range of low cost actively managed funds.
The new funds included the Active Global Growth Fund managed by Baillie Gifford, Active Emerging Markets Equity Fund managed by Wellington Management, and Active Global Credit Bond Fund managed by Vanguard’s Fixed Income Group.
The two equity funds were currently available, with the bond fund to be available in the coming weeks.
All funds would be wholesale offerings available directly from Vanguard subject to investment minimums and in time through adviser distribution platforms.
Evan Reedman, head of product and marketing at Vanguard Australia, said despite being known for their index management they have a history of active fund management.
“This new series of funds follow our introduction of a range of active factor fund and ETF offerings over the past couple of years, with Vanguard broadening low cost choice across a range of investment styles to suit investors’ individual needs and objectives,” Reedman said.
The base fee of the Global Growth Fund would be 0.60% p.a., 0.88% p.a. for the Emerging Markets Equity Fund, and 0.40% p.a. for the Global Credit Bond Fund.
AUTHOR
Chris Dastoor
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